THE TAIKO BANK,LTD., First Half Ordinary Profit Increases by 30%, July-September Ordinary Profit Increases by 31%

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Fri Nov 8, 2024 1:00 pm JST Earnings

8537 THE TAIKO BANK,LTD. 【J-GAAP】

Earnings Report

THE TAIKO BANK,LTD. <8537> [TSE-S] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.67 billion yen, an increase of 30.3% compared to the same period last year. The progress rate against the 3.28 billion yen full-year plan was 81.6%, also surpassing the five-year average of 68.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop by 51.0% from the same period last year to 602 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 30.5% from the same period last year, reaching 1.39 billion yen.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	12,088	ー	1,769	952	100.8	79.0	Nov 11, 2022	J-GAAP
Apr - Sep, 2023	11,001	ー	2,056	1,197	126.2	62.6	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	11,057	ー	2,678	1,806	189.7	81.6	Nov 8, 2024	J-GAAP
YoY	+0.5%	－	+30.3%	+50.9%	+50.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	11,050	ー	2,670	1,800	188.9	30	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	11,057	ー	2,678	1,806	189.7	30	Nov 8, 2024	J-GAAP
Revision Rate	+0.1%	－	+0.3%	+0.3%	+0.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	10,967	ー	1,229	519	54.6	25	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	9,133	ー	602	364	38.2	30	Nov 8, 2024	J-GAAP
YoY	-16.7%	－	-51.0%	-29.9%	-30.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	21,844	ー	2,238	1,280	135.5	50	May 12, 2023	J-GAAP
Mar, 2024	21,968	ー	3,285	1,716	180.6	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	20,190	ー	3,280	2,170	227.7	60	May 10, 2024	J-GAAP
YoY	-8.1%	－	-0.2%	+26.5%	+26.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	5,189	ー	1,065	643	67.8	0.0	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	4,942	ー	1,092	596	62.8	0.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	6,025	ー	137	-77	-8.1	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	5,472	ー	1,288	883	92.7	0.0	Jul 30, 2024	J-GAAP
Jul - Sep, 2024	5,585	ー	1,390	923	96.9	0.0	Nov 8, 2024	J-GAAP
YoY	+7.6%	－	+30.5%	+43.5%	+43.0%